Why is Remi Edelstahl falling/rising?

As of 24-Oct, Remi Edelstahl Tubulars Ltd is experiencing a decline in its stock price, currently at Rs 137.95, which reflects a decrease of 4.0 points or 2.82%. The stock has been underperforming, having fallen for the last two days, with a total drop of 4% during this period. Although it opened with a gain of 2.01% today and reached an intraday high of Rs 144.8, it also hit a low of Rs 135.1, indicating significant volatility. The stock's performance over the past week shows a decline of 6.32%, and over the past month, it has decreased by 13.57%. Despite a strong year-to-date return of 35.25% and a remarkable 68.03% increase over the past year, recent trends suggest a downturn, compounded by a 46.69% drop in delivery volume compared to the five-day average, indicating falling investor participation.
In the broader market context, the Sensex has shown a slight increase of 0.31% over the past week, contrasting with Remi Edelstahl's significant decline. This underperformance relative to the benchmark suggests that the stock is not only facing company-specific challenges but also failing to capitalize on the overall market's positive momentum. The stock's moving averages indicate that while it is above the 100-day and 200-day averages, it is below the shorter-term 5-day, 20-day, and 50-day averages, further highlighting its recent struggles. Overall, the combination of declining investor interest and poor short-term performance relative to the benchmark contributes to the stock's current downward trajectory.